Book Inventories: Raw materials Work in process Finished goods Additional information: Raw materials purchases Direct labor cost Beginning Ending $43,000 $38,000 $24,000 $33,000 $40,000 $55,000 $74,000 $99,000 $67,000 A Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred. Manufacturing overhead cost applied to Work in Process Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is: $11,200 $66,000

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